Walking away from a Mexico Right to Use?

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Original Message:

Re: Re: Re: Walking away from a Mexico Right to Use? (by Lance C.):

roset88 wrote:
Therefore as long as it is a Mexican resort they won’t report? Would a cancelation letter still be required or just cancelation of credit card?

Chances are slim that they will report your payment delinquency, but still possible. A cancelation letter isn't necessary unless you are rescinding your purchase within the 5-day window you have after you purchased. Otherwise, just stopping payments will likely work.

As for canceling your credit card, do you something set up so that there are automatic payments on your card? If so, are the payments for annual fees or for the original loan?